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even if this obama-friendly package passes the senate. he's saying to house republicans, you better let us get not what you want, but something where we can reassure 97% or so of americans -- they haven't set the actual cutoff, a quarter million a year, $400,000 a year, $500,000 a year, something in that area, people above that, to get a tax rate hike on income above that. the president is insisting on a vote before the fiscal cliff. we'll have to see if john boehner goes along with that one and if the obama plan can pass the senate, but there's a bit of optimism, a bit of energy, the body language finally looks a bit more positive. back to you. >> steve, with that improvement body language and the prospects that maybe something will happened, doesn't the fact remain that representative boehner does not seem to have control of the republicans in the house, a group of them standing firm, no taxes -- on a no tax increase on anybody. >> that's right, which is why boehner pulled the plug, jim, you'll recall, on that vote, which was supposed to be a show vote to put the pressure on the presi
continues on capitol hill this morning there is new hope for a deal to avoid that pass cal cliff. president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal done before midnight on monday. as you know, the senate keim back early from the christmas holiday yesterday. but they didn't seem able to compromise. they continued the bickering. the house wasn't even here. they're not even in play yet. they're not back until sunday. we need to see congressional leaders see some kind of a plan that can be voted on before that december 31st deadline. lawmakers say it's getting decreasingly unlikely that's going to happen. a deal before the new year, although they seem it's possible, many think a deal will
the cliff. pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have the house of representatives look at it. i think the deal is cut. they will get legislation and vote on it late monday night. >> andrea: do you think a deal is cut? i talk to people and they say no deal. >> eric: there is no deal. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress.
and he couldn't get to 218 or what they needed. to pass it. president obama has an odd negotiating style. if you get near negotiation deal he raises the anti. that is what he did. everyone was optimistic in november how soon they would get a deal and agree on one. he comes in after thig with a brand new offer he wants another, another stimulus package. money for a housing program. deal with debt limit. >> so both could go back to white house and the president would say no, i want more? >> that is what he did in 2011. that broke up the deal with boehner back then. the $4 trillion. no i need more in houses. >> the stakes are higher now charles. >> the president staked his ground today. not going to back out. if the republicans agree. what mcconnell will do, as he negotiates the limit to pay higher taxes, he will check with boehner and say if it's at this level give me 50 republicans. i would pass. >> quickly, the democrats give up nothing? >> if today is the deal, obama and the democrats won. if you look at people getting what they want. you know, who knows what will happen? in the next 24
on the story, the victim of gang rape in delhi who is being treated at a hospital in singapore has now passed away. >>> a final meeting between president obama and congressional leaders to hammer out a last-minute deal towards the so called -- to avoid the so-called fiscal cliff has finished. john boehner was at the white house today, trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left unti
boehner to take the deal president obama offered before boehner tried to pass his disastrous plan b. >> again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself. but again, i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they're going to do because he backed off even his own proposal. >> i know i need one, so here's one for you. here's a friendly user's guide on who has offered real solutions to each of the fiscal cliff issues. on taxes president obama's offer compromise, agreeing to $400,000 as the new cutoff point. speaker boehner tried to sell a million as the dividing line but couldn't get it past his own party. president obama is therefore offering his original position, $250,000 and below. on spending cuts president obama proposed $1.2 trillion, about equal to what he was asking in revenue. boehner passed draconian spending cuts in the house with no revenue component. on exte
's replacing daniel inouye who passed away. president obama will have to look for a new epa chief now that lisa jackson resigned. she'll officially step down after the state of the union. the chief of staff is saying, quote, put the hearts back in the closet. he remains in guarded condition at a houston hospital. >>> massachusetts congressman ed markey is the first to officially throw his hat in the ring for a special election. mark -- the democrat has never run a statewide race. scott brown is the overwhelming favorite to run on the republican side. it's that time of the year again, jib jab's year in review. ♪ big scandals everywhere ♪ we kept obama care ♪ a hard-fought election ♪ they kicked us in the year ♪ the end is here ♪ it's no yew pretending ♪ i'm not going to let this trending ♪ ♪ 2012 ♪ the end is here >>> that's just a taste. check out more on our facebook page at facebook/jans & co. >>> president obama will sit down with top leaders to try to avoid the fiscal cliff deadline. senator chuck schumer says there's some signs for optimism here. >> the first time leade
pass a bill, and president obama, of course, the media in love with him, there's been no criticism of him either. >> look, i disagree on two points, juan. where the senate is concerned, let's also keep in mind this. republicans and the house have passed hundreds of bills of that never seen the light of day because every single time harry reid refuses to bring them up for a vote in the senate. so for this man 20 turnaround and stay that the republicans are dillydallying when it's the republicans who have been showing up in the house for two years and he's done nothing is adommable. the president is playing this very well. this is a masterpiece on his participate but it's also a complete obfiscation. and right now, juan williams, you tell me what president obama has said he would stand unand cut to balance the budget. >> he said he would change our rate of growth in the country, the cpi. >> can you believe talk. >> he's talking about medicare and republicans have talked about eligibility age. >> juan, double talk. give us specifics. >> if you limit the rate of growth, you will see th
fiscal house in order. if only because the law they just passed made it crazy not to. well, call them crazy. no progress before the election campaign began. no progress during the campaign. then more recently, house speaker john boehner and president obama each made important concessions. the president on entitlement spending. speaker boehner on upper income tax rates. speaker boehner, though, could not get conservative republicans to go along and seemed at a loss on what to do next. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle on the fundamental reform of the tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama, meantime, seemed to lose patience. no sign he's eager to go off the cliff, but he's also not ready, either, to get in his words, what he'll get for free when the bush tax cuts expire tuesday morning. democratic lawmakers, though, are more willing to let that and everything else happe
cuts ended up getting branded as obama's tax cuts that he passed after we went over the fiscal cliff, it then loses whatever upside there is for republicans, except, and we have to mention this, for republicans vulnerable to primary challenges, there's obviously a lot of anxiety about being, you know, the first republican in 20 years to vote for a tax increase. i think that's the big fear, that it's been so long. republicans haven't cast this kind of vote. you don't want to be the first one to do it. >> yeah, and charles, we're told the democrats may be waiting until the very last minute. maybe they're banking on pressure and the gop caving. what should americans make of that with so much at stake here? >> i don't there is gamesmanship on both sides. that's obviously true. but i think that democrats understand they get a better deal out of this if they actually go over the cliff. what the president was offering, his last round of offers, was in fact something that a lot of democrats and liberals did not take kindly to. in fact, when boehner was not able to pass plan "b," he basically
. it's not that they don't know how to pass bills or they don't like passing laws. they voted to repeal obama care more than 30 times. >> yeah, 33 times. >> 33 times, as if there's some type of rule that if the house passes a bill more than two dozen times. so they know how to bring a bill to florida and they know how to vote on it. but i think clarence is right. that some of this is ie dee logical. and the second least productive congress since the 1940s was gingrich's right after the '94 revolution. u you know, they came in. they don't think government works and then they set about and they prove it. >> now, clarence, despite all of this, the president is saying he's optimistic. listen to this. >> i'm modest ply optimistic th an agreement can be achieved. nobody is going to get a hundred percent of what they want. but let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. >> are you optimistic, clarence? >> well, at this point, i'm so pessimistic by getting a deal on monday, it's
general schwarzkopf who led them to victory in the first war passes away. >>> with just four days before the deadline, president obama meets with congressional leaders today in hopes of reaching a compromise. >>> and less dairy for your dollar. without action by congress by new year's day, milk prices could skyrocket. >> if we want to continue to eat, the bill needs to be passed. that's where we get our food, people. captioning funded by cbs >>> this is the "cbs morning news" for friday, december 28th, 2012. good morning. good to be with you. i'm duarte geraldino. this afternoon president obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino s
, no problem. obama won the election. he'll hand them a plan. he'll make some small changes. that's how congress works, of course. pass it and we'll be done. we'll go home for christmas. not so much. president obama did hand them a plan as treasury secretary tim geithner made a special trip all the way to john boehner's office on capitol hill. he delivered the plan to speaker boehner, a plan pretty much identical to the one president obama just won the election on. you might have thought that would have been leading, the problem would have been solved. not so much. >> flabbergasted. i looked at him, you can't be serious. i've just never seen anything like it. >> so when you said you wanted to be led, you just wanted a plan, that was a joke? so the white house agreed, then, no more leading, that was not what their partners in the house of representatives wanted. instead, white house and boehner entered into intense lengthy negotiations. and by the end of them they seemed really close to a deal. the white house had agreed to cut their tax ask by about 400 billion, to increase their spendi
of human rights sanctions passed and signed into law this month by president obama. russia is the third most popular country for americans to adopt. over 60,000 have happened since the fall of the soviet union but adoptions to the u.s. have become a political football in russia. officials point to cases of 19 children died after being adopted by americans. the issue caught fire in 2010 when this boy was put back on a plane alone to russia by his adoptive mother in tennessee. a poll here found the majority of russians support the ban but this sparked outrage many who say this is playing politics for children. >> you hope it's not a door shut but just, that this is an obstacle, a delay. and we do not know. >> and we're just getting word from the ap retired u.s. general norman swartzcpf died. a much decorated combat soldier in vietnam, he was known sometimes as stormin norman. he was 78 years old. >> family and friends continue to visit former president george hw bush in an intensive care unit of a houston hospital. he's the oldest living former president, optized at methodist hospital las
pass it in the house and september passed it, obama would veto it anyway. they are so far apart. this i am flying back from hawaii and see if i can bring them back together. they are far apart as they have been. >> kelly: why are they having the meeting? because of the talk and rhetoric is ramping up and the agreement is going down. i mean, for example, senate majority leader harry reid is name calling and calling john boehner a dictator . this is what he had to say. >> the american people i don't think the house representative is operating without the house of representative. it is being operated with a dictatorship of the speaker not allowing the vast majority of the house and representatives to get what they want. >> that sounds ridiculous f. it was a dictatorship boehner would have gotten that vote and he couldn' get the vote. what we should do honestly guys, is swan dive ov the fiscal cliff. let president obama own the fiscal cliff. it should be called the obama cliff. >> julia: people know how much they would have to pay. folks on the man on the street interviews . people are look
and then start or working out how to get a bill passed. barack obama doesn't seem to know how to do that. he, in fact, in private a very introverted person who doesn't reach out beyond a small group of chicago operatives whom he's brought with him to the white house. >> host: oprah had tried to ignore the ominous change in tone. as barack obama's inauguration drew near, oprah's calls to michelle went unreturned. instead, oprah heard from the newly-appointed white house ceremonies coordinator who told oprah that she needed to talk to him first about the interview. what's more, she had to run her interview questions past jeff stevens, deputy speech writer, for prior approval. it was a pain as far as pa was concerned said a high-ranking executive at harpo studios. oprah doesn't like having to put up with mid-level clerks. >> guest: right. oprah expected that as a result of her role during the democratic pri pairs where she played a pivotal role in helping obama get the nomination and wresting it away from hillary clinton that she was going to be an important adviser to president obama. and, in
of the house, have a drink with him, reminisce, tell jokes and then start working out how to get a bill pass. barack obama doesn't seem to know how to do that. he in fact, in private, he's a very introverted ers and who doesn't reach out beyond the small group of chicago operatives whom he has brought with him to the white house. >> opera had tried to ignore the ominous change in tone coming from the obama transition team as barack obama is it not gration drew near oprah's calls to michelle went and returned. instead oprah heard from max devlin that newly appointed white house ceremonies coordinator who told oprah that she needed to talk to him first about the interview. once more he said overhead to run her interview questions past stevens, a deputy speechwriter from prior approval. it was a pain as far as oprah was concerned and a high-ranking executive at harpo studios ,-com,-com ma oprah isn't a snob but doesn't like to put up with it. >> as a result of her role during the democratic primary, which played a pivotal, pivotal role in helping obama get the nomination and wresting it away fr
kennedy did pass an education bill, no child left behind. i thought obama, when he was elected a lot when across the aisle and work with the opposite side, and everybody said the republicans, conservative set that that bill was not busch's bill, it was ted kennedy boss bill. he crossed the aisle and got the bill pass. obama, when he wanted his health care bill passed, waited until the midnight hour to work with the democratics to pass the bill, they would not pass the bill because it had payments for abortion and things like that -- host: where do you think this is going to go? caller: it will go to the midnight hour, and that republicans will concede they do not have anything else. they will kick the can down the obama has not shown the leadership that he showed, last caller. it is a matter of spending. the government has gotten out of control in washington, d.c. both parties are guilty. this last president as the most gelt, and certainly bush also had his problems with spending, but if i was a republican senator, i would not vote for anything without at least a $6 trillion tax cut, and
. president obama said, and we quote, with the passing of general norman schwarzkopf we've lost an american original. former president george h. w. bush called him a good and decent man, and former secretary of state colin powell says america has lost a great patriot and a great soldier. >>> derek, americans are now banned from adopting russian children. vladimir putin signed the ban into law today. law also blocks dozens of russian children now in the process of being adopted by american families from leaving the country. the law was passed in retaliation for a u.s. law that calls for sanctions against russian officials deemed human rights violators. critics say the russian law victimizes children to make a political point. there are now an estimated 740,000 orphans in russia. >>> coming up, man tries to rescue man's best friend and ends up needing some rescuing himself. erica. >>> well, it's still night and pleasant out here on the weather terrace, but, of course, a winter storm is on the way, and that's going to bring an end to the nice weather. i will tell you what you can expect and wh
to be russia's retaliation for a set of human rights sanctions passed by congress and signed into law this month by president obama. >>> sunday's football game in indianapolis is more than just about winning. it will also be a triumph over adversity and personal battles won. abc's t.j. winick reports on the reversal of fortunes for the colts and their coach. >> reporter: coming into this nfl season, the challenges for colts' first-year head coach chuck pagano were many. a team that finished the league-worst 2-14, last year. >> the indianapolis colts select andrew luck, quarterback, stanford. >> reporter: and a rookie quarterback, taking over for the departed peyton manning. but less than a month into the season, those challenges were nothing, compared to the devastating personal news he received. >> the conclusion came down that he did have leukemia. >> reporter: the 52-year-old was forced to take a leave of absence for treatment, which included chemotherapy. expectations fell for the new-look colts. and yet, they've defied all expectations, behind rookie q.b. andrew luck and an inter
.s. into another recession. more than a month has passed since the last time they got together. the obama administration called that mid another meeting constructive but there has been little to no progress. today lawmakers on both sides of the aisle tried to strike an optimistic tone. >> millions of americans are out there struggling and certainly they deserve a congress that will avoid going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting adding i wish them luck. it would be a great new year's present for the country. ed henry, how pivot the is the meeting? >> we're on the verge of the biggest tax increase since world war ii. that's how big it is. everybody watching this, if we go off the cliff, everyone's taxes go up january 1st. the bottom line is senator backus says with the deadline, the pressure is re
with 76% of the vote. kerry, as you know, is president obama's pick to succeed hillary clinton as secretary of state. if and when he's confirmed, that senate job will pass to a replacement chosen by the massachusetts governor. then to a win ere of a special election a few months later. a regular election will be held in 2014 when kerry's term would have ended. >>> should teachers be armed in the classroom? big question, lots of answers. about 200 educators in utah are mulling that over today after attending classes on firearm use and safety. the course of geared toward teachers. instructors are not trying to persuade teachers to carry guns in schools, but to provide the information and training they need in the wake of the newtown massacre. the classes have been going on for some time and some teachers are sold on the idea of arming themselves. others simply want to explore their options. >> i think it's important to have protection because if you don't have it, i feel like we're sitting ducks. >> we're going to help them understand where their moral code and value system reall
on adoptions to the u.s. the country's legislative branch had just passed the bill unanimously. this was russia's response to president obama's anticorruption law. it denies russian officials from getting u.s. visas if they were associated with human rights violations. >> it's very tragic that these children are potentially going to fall victim to really just senseless politics. >> reporter: lauren koch with the national council for adoptions says with 700,000 russian orphans, the children are the ones caught in the political web. >> most of them have been matched with children. they consider these children part of their families already. they have introduced, you know, them via pictures and other methods to their siblings here in the united states. and it's really heartbreaking. >> bring it over here so we can see it. >> reporter: a heartbreak that could become a reality for the fong family who can do nothing but wait, watch and hope. >> we're the fong family. we want to provide a home to just at least one boy from russia and, you know, we have a home, we have a lovely family. we're hoping t
on the story the victim of gang rape in delhi who is being treated at a hospital in singapore has now passed away. >>> a final meeting between president obama and congressional leaders to hammer out a last-minute deal towards the so called -- to avoid the so-called fiscal cliff has finished. john boehner was at the white house today trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until
on whatever the senate can pass, but the senate first must act. " president obama returned early from hawaii today, still pushing to extend tax cuts for the middle class, but raise rates on the well-off. aides said he made phone calls last night to speaker boehner and house minority leader nancy pelosi, as well as senator reid and his opposite number, minority leader mitch mcconnell. but today, mcconnell gave no indication of movement. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: adding to the urgency, treasury secretary timothy geithner warned he'll have to begin taking "extraordinary measures" to postpone a government default. the government is on track to hit its borrowing limit on monday, he said with no prospect of congressional action to raise the limit. here
. if a deal were to pass, senate house speaker john boehner would have to agree to take it to the floor of the republican controlled house. danielle nottingham has more. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last- minute agreement to avoid automatic spending cuts and tax increases due to kick in on january 1st. >> probably the worst case scenario will come out of this maybe today and -- meeting today and that is we will kick the can down the road. >> reporter: senator bob corker told "cbs this morning" he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something but let me just say one more time. this is a total dereliction of duty at every level. >> reporter: going over the cliff would affect 88% of u.s. taxp
.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors st hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to
can pass in both the house and senate if republicans allow a vote. earlier in the day, republicans blamed president obama for the stalemate. >> i agree that it is the president's responsibility to lay out a plan and to bring people together. but it's a total derelicts of duty and candidly, a lack of courage to deal with these issues. >> reporter: what's at stake for ordinary americans? with income and payroll tax cuts set to expire monday, taxes would go up for most everyone next week. $110 billion in spending cuts will kick in. and 2 million jobless americans will lose their unemployment benefits. like karen duckett of maryland who hasn't been able to find work since being laid off as a housekeeping manager at a retirement community last year. her unemployment benefits set to end tomorrow. >> this has been the toughest year, probably, in my entire life. >> reporter: duckett, a breast cancer survivor, worries how she'll care for her 14-year-old grandson and has a message for lawmakers. >> remember, these are people. it's not just numbers on a piece of paper. we are actually human b
branch had just passed the bill unanimously. this was russia's response to president obama's anticorruption law that denies russian officials from getting u.s. visas if they were associated with human rights violations. >> it's very tragic that these children are potentially going to fall victim to really the senseless politics. >> reporter: lauren koch with the national council for adoption says, with 700,000 russian orphans, the kids are the ones caught in the political web. >> most of them have been matched with children. they consider these children part of their families already. they have introduced, you know, them via pictures and other methods to their siblings here in the united states. and it's really heartbreaking. >> bring it over here so we can see it. >> reporter: a heartbreak that could become a reality for the fong family who can do nothing but wait, watch and hope. >> we're the fong family. we want to provide a home to just at least one boy from russia and, you know, we have a home, we have a lovely family, we're hoping that all this can move forward and
having that discussion, eric. august spending 256-171 the ryan budget was passed extending tax relief for all americans. 19 democrats voted for that. it was handed to mr. reid, mr. obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly,
boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our political leadership pass something before midnight, december 31? >> well, i think so. i mean, and you're going exactly the right direction. if you take what's been put on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year end, and as you say, it would be in the $400,000 to $500,000 range, but there has to be a commitment any revenue generated goes to savings, and not more spending. that's the other part of the equation that the president has to step up on to get a deal. adam: senator, we'll have
think it would break the deadlock, right? >> yeah. >> so this is a little bit of obama throwing it back in congress' court and saying, there should be a majority for this passing. but republicans are not going to -- they are going to be very, very cool to this today. >> let me ask you about the politics of this post january 1st. let's say nothing happens, they can't get a deal. it's now january 3rd. who wakes up in the more powerful political position to get what they want in a fiscal cliff deal? >> it's kind of a strange situation. most conservatives in the house want to go over the cliff because they want to vote to lower taxes and they will have the ability to do that once taxes go up after january 1st. >> it just sounds better. >> right. >> rather than i let your taxes go up. >> exactly. i think politically, though, all of the policy moves in the direction of the democrats, right? tax rates go up. big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than a
, president obama in the next four years. what will his second term mean for you and your family? we wil speaker of the house john boehner failed last week to pass a fiscal cliff pill after pushback from some conservatives. now, speculation that he might be pushed off the political cliff and be kicked out of the top job in the house. joining us now from nashville, republican strategist chip saltz mapp and here in the studio with me, anthony holmes. also a republican strategist. i first started hearing of this a couple of weeks ago. i know john boehner and like him a lot. people are oh, we lost the election, time to to something. how to there is this supposed mini revolt. anything to this? >> looks like there could be. the greater thing is it is philosophically disengine with us to spend 8 months telling americans that tax increases hurt the economy and turning around 8 weeks later after the ehe election and offering to surrender a one year debt ceiling pore tore yum and increase taxes under the guise of helping the economy. philosophical. >> laura: the reality, though, anthony is that th
said if the senate passes a bill the house will take it up and either accept or amend it and a short time ago president obama appeared in the white house briefing room with a statement. here is some of what he said. >> we had a constructive meeting today. senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year
: they know it will pass and they don't have to be responsible by defaulting on the debt. president obama's move to say let's take this out of congress and let me have sole authority to lift the borrowing authority whenever one won't fly. >> there have been a lot of shenanigans around this in the past. the conversation is when we are doing spending. when we are passing appropriations is the time to say should we spend this money or not? they are deciding to spend the money and don't want to pay the bill and that is not the right time to have this conversation. shibani: is not in the household or the government. thank you very much, have a happy new year. it is a quarter till. every 15 minutes stocks, lauren simonetti looking at the s&p 500's biggest loser. >> advanced microdevices are selling off by 4.5% and if you take a look at the stock for the week it is pretty ugly, into the double digits, the reason is a 25 year veteran of the company to rival samsung, that is weighing on the stock and that is a pretty bad week. shibani: a bad week for overall stock. we are trading at tight range, a
and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, jessica. now, right now, the most likely deal on the table seems to be that scaled-down proposal president obama suggested last fright. just to recap, extend tax cuts on household income under $250,000, that's 98% of americans. extend unemployment insurance. that's important. and likely extend the alternative minimum tax fix. but is this bared down plan something house republicans can really get behind? "outfront" tonight to answer that question, republican congressman tom mcclintock of california, a member of the house budget committee. mr. congressman, good to see you. could you back that scaled back plan to avoid going over the fiscal cliff? >> as i said all along, republicans don't want taxes to go up on anyone. if we have an impasse on january 1st, they go up on everyone. so at some point, i think that we republicans have got to realize that if we can't save everybody, we need to try to save as many people as possible. that's not advocating a tax increase. if a lifeguard sees ten people drowning off his
soledad is off today. president obama will hold a critical meeting at the white house. and blame game is down right nasty. >>> tributes from the pentagon, white house, and gulf war buddies after the passing of stormin general norman schwarzkopf. and teachers learning how to shoot in case a gunman walks into their classroom. the man offering lessons were free. "starting point" begins right now. friday, december 28th. and our starting point, the pace in's economy and your take home pay on the chopping block. four days remain before the u.s. goes over the edge. that means tax hikes and spending cuts that could trigger another recession. congressional leaders will meet today at 3:00 p.m. eastern time. the full house not even expected to return to work until sunday. here is the guest list for today's showdown. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today?
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